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Aug 28, 2009
08/09
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we can't use them for a vacation. you can use the points for just about anything. i know... ♪ the way you look tonight ♪ chase what matters. get your new chase sapphire card at chase.com/sapphire. tdd#: 1-800-345-2550 if i'm breathing, i'm thinking about trading. tdd#: 1-800-345-2550 i always have my eye out for a stock on the move. tdd#: 1-800-345-2550 doesn't matter if a company sells computer chips tdd#: 1-800-345-2550 or, i don't know, fish and chips. tdd#: 1-800-345-2550 i'll look at all kinds of stocks before i settle on one. tdd#: 1-800-345-2550 if i think i'm onto something i'll check it out, tdd#: 1-800-345-2550 you know, see what other traders are up to. tdd#: 1-800-345-2550 when everything feels right though, tdd#: 1-800-345-2550 that's when i get serious. tdd#: 1-800-345-2550 and the minute i get into something, tdd#: 1-800-345-2550 i already know when i want to get out. tdd#: 1-800-345-2550 of course, every now and then i'll talk with somebody tdd#: 1-800-345-2550 who knows what i'm trying to do. tdd#: 1-800-345-2550 (announcer) switch to schwab to
we can't use them for a vacation. you can use the points for just about anything. i know... ♪ the way you look tonight ♪ chase what matters. get your new chase sapphire card at chase.com/sapphire. tdd#: 1-800-345-2550 if i'm breathing, i'm thinking about trading. tdd#: 1-800-345-2550 i always have my eye out for a stock on the move. tdd#: 1-800-345-2550 doesn't matter if a company sells computer chips tdd#: 1-800-345-2550 or, i don't know, fish and chips. tdd#: 1-800-345-2550 i'll look at...
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Aug 10, 2009
08/09
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thanks to both of you for joining us. jeff, what do you think? you think we're due for a pullback here? >> yeah. as you know, we were on the show march 2nd saying every indicator that my dad and i have says the market bottoms that week. since then we have been steadfastly bullish often commenting we think it's a mistake to get too bullish. that said it looks to me like things are pretty stretched in the near term. but i don't think it will be a serious pullback and i think you'll get a rally too before the end of the year. >> so you think we're going to pull back here within the next week, two weeks, something like that? give me some timing. >> within the next two weeks. 96% of the financial stocks are above their 50-day moving average. that's typically pretty overbought. >> okay. but then you think we're going to rebound. so sounds like that might be a buying opportunity for your favorite stock. >> that's what i think. i think the upcoming third and fourth quarter earnings comparisons are going to look pretty good. >> peter, what do you think? >
thanks to both of you for joining us. jeff, what do you think? you think we're due for a pullback here? >> yeah. as you know, we were on the show march 2nd saying every indicator that my dad and i have says the market bottoms that week. since then we have been steadfastly bullish often commenting we think it's a mistake to get too bullish. that said it looks to me like things are pretty stretched in the near term. but i don't think it will be a serious pullback and i think you'll get a...
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Aug 13, 2009
08/09
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mayor mccrory joins us now from charlotte. and also with us keith boykin editor of "the daily voice" and cnbc contributor. mayor mccrory, let me start with you. you're critical of the stimulus plan. you say it doesn't offer permanent help. what do you mean? what's the problem with it? >> two things. first of all, it was sold as spending a lot of money on infrastructure. and in fact less than 15% of the money is being spent on infrastructure and most of the infrastructure that the mayors and governors have to spend it on is what they call shovel-ready. and that means it's going to be short-term projects. many of them are like repaving roads, which the new politically correct term is renourishing roads to make it sounds like we're doing more -- >> but by shovel ready meant it was immediate, right? we wanted people working immediately. >> yeah, but what we need are jobs that have long-term ramifications, where you hire engineers, where you hire architects, where you hire planners. instead we're really putting it toward projects w
mayor mccrory joins us now from charlotte. and also with us keith boykin editor of "the daily voice" and cnbc contributor. mayor mccrory, let me start with you. you're critical of the stimulus plan. you say it doesn't offer permanent help. what do you mean? what's the problem with it? >> two things. first of all, it was sold as spending a lot of money on infrastructure. and in fact less than 15% of the money is being spent on infrastructure and most of the infrastructure that...
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Aug 17, 2009
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stay with us. of their dreams.by the car during the lexexus golden opportunity sales event, you can do both. special lease offers now available on the 2009 is 250. but i've still got room for the internet. with my new netbook from at&t. with its built-in 3g network, it's fast and small, so it goes places other laptops can't. i'm bill kurtis, and wherever i go, i've got plenty of room for the internet. and the nation's fastest 3g network. gun it, mick. (announcer) sign up today and get a netbook for $199.99 after mail-in rebate. with built-in access to the nation's fastest 3g network. only from at&t. >>> home depot earnings out tomorrow. pfizer and most of the drug stocks doing a little bit better. techs, as you see, are definitely ladefinite ly lagging. >> let's take a look at some of the under the radar companies. their experimental drugs that treats a rare genetic disorder received temporary approval from the food and drug administration. shares up 12%. interdigital plunging after a u.s. internat
stay with us. of their dreams.by the car during the lexexus golden opportunity sales event, you can do both. special lease offers now available on the 2009 is 250. but i've still got room for the internet. with my new netbook from at&t. with its built-in 3g network, it's fast and small, so it goes places other laptops can't. i'm bill kurtis, and wherever i go, i've got plenty of room for the internet. and the nation's fastest 3g network. gun it, mick. (announcer) sign up today and get a...
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Aug 18, 2009
08/09
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joining us now, rich peterson is with us. along with greg olsen, gentlemen, always nice to have you on the program. how are you investing in this environment? >> we think the market may have gotten a little bit ahead of the economy and we wouldn't be surprised if we see a couple more% and on the pullback. as we see these, we're looking for opportunities to put more money to work because we think the long-term trend is going to be up. >> yesterday we had this decline which started in china, goes to europe and then in the united states. here we are back in bull market territory again. >> if i said it once, i said it many times. like a shamwow! market. goes higher. we had the bad news coming out of china yesterday and make up half the yesterday's losses. the fact that we're looking again in a day, all comes down to profits, about earnings. s&p 500 is probably going to earn somewhere short of $60 per share in 2009. you put a 17 multiple on that, looking about a year and target about 1020, look out for 2010, the census forecast fo
joining us now, rich peterson is with us. along with greg olsen, gentlemen, always nice to have you on the program. how are you investing in this environment? >> we think the market may have gotten a little bit ahead of the economy and we wouldn't be surprised if we see a couple more% and on the pullback. as we see these, we're looking for opportunities to put more money to work because we think the long-term trend is going to be up. >> yesterday we had this decline which started in...
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Aug 4, 2009
08/09
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i use the bullish commentary on air and it seems to be getting a little more, i don't want to use the word giddy but at a higher level than it's been recently. yet, they tried shorting the market. we saw active attempts to short market six or seven days ago. we saw these drops and it didn't drop much and came back late in the last hour again. and the ultimate rally is not coming so that it's a rally in a bear market. >> bob, i think what happened there was the fact that the second earnings turned out to be much better than many people expected. and without that, we may not have had the big run-up that we have seen. but eventually, i think within the next two to three months, you're going to see the economic weakness futures set in. i have expectations for positive growth in the next two quarters but the beginning of 2010 minus 2% in the first quarter as some of the similars from the spending and cash for clunkers comes to an end, and that the consumers go on strike and if you have a flight from the dollar or even bigger increase in interest rates that gets accentuated. >> it is a litt
i use the bullish commentary on air and it seems to be getting a little more, i don't want to use the word giddy but at a higher level than it's been recently. yet, they tried shorting the market. we saw active attempts to short market six or seven days ago. we saw these drops and it didn't drop much and came back late in the last hour again. and the ultimate rally is not coming so that it's a rally in a bear market. >> bob, i think what happened there was the fact that the second...
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Aug 20, 2009
08/09
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we can't use them for a vacation. you can use the points for just about anything. i know... ♪ the way you look tonight ♪ chase what matters. get your new chase sapphire card at chase.com/sapphire. finally, good news for people with type 2 diabetes or at risk for diabetes. introducing new nutrisystem d, the clinically tested program for losing weight and reducing blood sugar. hi i'm mike, and i lost 100 pounds on nutrisystem d when i was first diagnosed with diabetes, that first step was more like a giant leap. till i discovered nutrisystem d. in a clinical study people on nutrisystem d lost 16 times more weight and reduced their blood sugar 5 times more than those on a hospital-directed plan. plus a1c was reduced .9%. choose from over 140 menu options, there is no counting carbs, calories or points. i lost 100 lbs. and lowered my blood sugar level. nutrisystem d changed my life. mike is one of many who have lost weight and controlled their diabetes with new nutrisystem d. backed by 35 years of research and low glycemic index science nutrisystem d works. satisfa
we can't use them for a vacation. you can use the points for just about anything. i know... ♪ the way you look tonight ♪ chase what matters. get your new chase sapphire card at chase.com/sapphire. finally, good news for people with type 2 diabetes or at risk for diabetes. introducing new nutrisystem d, the clinically tested program for losing weight and reducing blood sugar. hi i'm mike, and i lost 100 pounds on nutrisystem d when i was first diagnosed with diabetes, that first step was...
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Aug 21, 2009
08/09
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we can't use them for a vacation. you can use the points for just about anything. i know... ♪ the way you look tonight ♪ chase what matters. get your new chase sapphire card at chase.com/sapphire. >>> net income coming in at $228 million. it was 33 cents a share. on the back of that gap received two upgrades. sbr and key bank capital markets raised the stock rating to an outperform. the stock is trading higher today, as you can see there, better than 3% higher. and the outlook continues to be challenging, but we will talk more about that. gap is working through this tough economic environment. it is also trying to regain ground on rivals by revitalizing the brand. >> they need to be more aggressive to try to get the consumer to try the product. the advertising, i believe, suggests that they are feeling about their merchandise assortment and better about the overall presentation. but again, the underlying consumer trends have been challenging, and i do think it's going to be a difficult back to school and holiday selling season. >> and joining me now in a "first
we can't use them for a vacation. you can use the points for just about anything. i know... ♪ the way you look tonight ♪ chase what matters. get your new chase sapphire card at chase.com/sapphire. >>> net income coming in at $228 million. it was 33 cents a share. on the back of that gap received two upgrades. sbr and key bank capital markets raised the stock rating to an outperform. the stock is trading higher today, as you can see there, better than 3% higher. and the outlook...
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Aug 13, 2009
08/09
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he's going to tell us which ones when we come back. ththththththth >>> let's take a look at some of today's under the radar stocks. communication equipment maker harris corporation one of the day's big winners. the company reporting a better than expected adjusted fourth quarter profit of $120 million. harris also raising the low end of its earnings forecast for fiscal 2010. and shipping fuel supplier aegean marine reporting rising profits. and food service equipment maker middleby seeing its second quarter profit tumble 20% to $13.7 million because of much lower than expected sales although that stock has been moving up here as you can see late in the day. michelle? >> bob, it's arguely the most covered thing on wall street. not surprisingly it's also in short supply. we're talking about bullish guidance and cnbc's stocks editor matt nesto has a look at how much investors are willing to pay for it. matt? >> i know that you're pretty active out there socially. this is the ticket to the crystal ball. and if you get invited to the crysta
he's going to tell us which ones when we come back. ththththththth >>> let's take a look at some of today's under the radar stocks. communication equipment maker harris corporation one of the day's big winners. the company reporting a better than expected adjusted fourth quarter profit of $120 million. harris also raising the low end of its earnings forecast for fiscal 2010. and shipping fuel supplier aegean marine reporting rising profits. and food service equipment maker middleby...
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Aug 3, 2009
08/09
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the government wants us to consume our way out of this, that's what got us in trouble. we have to save and we have to invest more. i think bob's right, it's going to be a challenge to get that consumption back in the direction, but the choice is not to give away free money, it's to invest and create more jobs. >> i want to talk about cash for clunkers and free money in a minute. but mr. crandall, no savings in mattresses, this is the modern financial age. somebody's saving becomes somebody's investment, and somebody's investment becomes production and jobs and income for consumers. why are you so worried about savings, sir? >> larry, 70% of the gdp of the united states comes from consumer spending. the highest -- it's the highest number of any major nation i know about. and in fact, without the consumer, the gdp, the gdp of this country is not going to come back. and if the gdp doesn't come back, we've got a big problem. >> hang, on john, we're going to come right back. i want to ask both of you about cash for clunkers. i want to ask mr. hackett how that's going to affe
the government wants us to consume our way out of this, that's what got us in trouble. we have to save and we have to invest more. i think bob's right, it's going to be a challenge to get that consumption back in the direction, but the choice is not to give away free money, it's to invest and create more jobs. >> i want to talk about cash for clunkers and free money in a minute. but mr. crandall, no savings in mattresses, this is the modern financial age. somebody's saving becomes...
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Aug 10, 2009
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so guys, ultimately in the end, it's all about you. >> all about us. so what does that mean for us? are we going to get stuck with this in the end? >> we are stuck with it. we're stuck every which way you look. that's the whole point. >> all righty. thanks so much.0 jane wells in los angeles. melissa. >> that's why you get to keep the money, jane. you get to keep your own money. that's why. >> you're paying the premium tower receive. >> i don't feel like i have any money. >> not necessarily in a circle. >> it's not always in a circle in the case of cash for clunkers, some of that money leaks out and goes to toyota and honda. there are definitely americans with toyotas. >> jane, thank you for the spam update. this is government spam. >> go to hawaii, they love spam. >> all right. jane wells, thank you so much. i'm so depressed now. we'll be back for last call. >> on the economy and government, paul krugman is right but i think for the wrong reason. i'll try to explain up next. you're the colon lady! diarrhea, constipation, gas, bloating. that's me! can i tell you what a difference ph
so guys, ultimately in the end, it's all about you. >> all about us. so what does that mean for us? are we going to get stuck with this in the end? >> we are stuck with it. we're stuck every which way you look. that's the whole point. >> all righty. thanks so much.0 jane wells in los angeles. melissa. >> that's why you get to keep the money, jane. you get to keep your own money. that's why. >> you're paying the premium tower receive. >> i don't feel like i...
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Aug 17, 2009
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thanks for being with us. good night. >>> get announce the boost on stronger than expected earnings and a bullish outlook from the company.y. >>> steven spielberg completes the funding for the new dreamworks studios and for the first time in a month, gas prices fell last week down a penny to $2.64 a gallon. that's cnbcnews.com news now. "fast money" starts now. >>> is it about to become a cruel, cruel summer on the street? you can't afford to miss this show. welcome to "fast money," live from the market site, these are your "fast money" traders, we've got the summer correction covered from all angles. pete will tell you how to protect your profits. karen's got your selloff shopping list, and later peter says how long the correction will last. first, let's get to the word on the street. guys, this is a healthy pullback. the start of a correction. what do you make of it, guy? >> start with something bigger, i believe. we talked about wednesday was the last day here. 30 or 40 s&p points, worth about 40, i think w
thanks for being with us. good night. >>> get announce the boost on stronger than expected earnings and a bullish outlook from the company.y. >>> steven spielberg completes the funding for the new dreamworks studios and for the first time in a month, gas prices fell last week down a penny to $2.64 a gallon. that's cnbcnews.com news now. "fast money" starts now. >>> is it about to become a cruel, cruel summer on the street? you can't afford to miss this show....
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Aug 19, 2009
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i think they're going to be with us for a long time. the demographics argue for increased consumption from them, not less. >> walter, what do you think? >> near-term if you look at the shanghai stock index it looks like a big bubble just burst. it's in a freefall. and that does not bode well for those long the u.s. markets on the hope that china is going to bail us out. we see much more down side risk than up side potential here. in commodities and equities. and the only market that we see significant up side in is the u.s. dollar because we see there's a crushing wave of deflation ahead over the next couple of years that's going to boost the dollar up near parity with the euro, crush commodity prices, and beat down the stock market well below the march lows. >> and yet you've got people who are on the ground, walter, who say look, china is on fire, we're talking about 8%, 9% growth, back in action there. what do you base these figures on? where's the evidence that in fact we are going to see further upset in china from your standpoint?
i think they're going to be with us for a long time. the demographics argue for increased consumption from them, not less. >> walter, what do you think? >> near-term if you look at the shanghai stock index it looks like a big bubble just burst. it's in a freefall. and that does not bode well for those long the u.s. markets on the hope that china is going to bail us out. we see much more down side risk than up side potential here. in commodities and equities. and the only market that...
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Aug 18, 2009
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nesto standing by for us at the nasdaq. what can you tell us? >> yes, trish. time square today, and it's interesting if you look at the nasdaq, 6/10 of a percent higher, all of the heavy lifting done in the first few minutes and they have been trending sideways. flextronics the best single performer. remember, no financials in the ndx, so h spin i show you because it's one of the strongest financials trading at the nasdaq today. the arp, call from rbc, that's ample, rim and palm, all higher. specifically in r.i.m., they think it's on its way to $150 per share. pack car fighting with joy global to top the industrial leadership here today and the markets in general. 3% higher. it is now neutral rated. luke warm. but it was sell rated at goldman sachs. look at huron. of this is a company worth only $300 million. today it was close to a billion. a couple of weeks ago, the company came out with better than expected earnings, but it's just been smashed. the management -- the whole management team quit a couple of weeks ago. but the amazing static is it's done as m
nesto standing by for us at the nasdaq. what can you tell us? >> yes, trish. time square today, and it's interesting if you look at the nasdaq, 6/10 of a percent higher, all of the heavy lifting done in the first few minutes and they have been trending sideways. flextronics the best single performer. remember, no financials in the ndx, so h spin i show you because it's one of the strongest financials trading at the nasdaq today. the arp, call from rbc, that's ample, rim and palm, all...
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Aug 26, 2009
08/09
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that's the most krit k58 variable to us right now. >> sure. do you agree with the investment grade corporate right now, brend s an? >> we think staying with the manager or with sectors with companies that are higher quality and more defensive in nature. rather than transitioning out we think focus should be on those managers and those sectors that can provide good up side and down side participation. that's our goal. >> like which ones? >> again, energy, utilities, cable. those are sectors that over the long haul have provided a good upside down trade-off. we think it might be prudent to be more defensive here but we think it's primarily because the lower quality has had quite a run that maybe unwarranted. >> they certainly have been where the action is this year. gentlemen, thank you. so good to see you both. thanks. california meanwhile cleaning house to try to close its budget gap. we'll explain how the dddddd >>> welcome back. california holding a huge garage sale this week as part of its effort to get the state's financial house in o
that's the most krit k58 variable to us right now. >> sure. do you agree with the investment grade corporate right now, brend s an? >> we think staying with the manager or with sectors with companies that are higher quality and more defensive in nature. rather than transitioning out we think focus should be on those managers and those sectors that can provide good up side and down side participation. that's our goal. >> like which ones? >> again, energy, utilities,...
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Aug 5, 2009
08/09
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i'll be using the 3g at&t laptopconnect card. he won't. so i can browse the web faster, email business plans faster. all on the go. i'm bill kurtis and i'm faster than floyd mayweather. (announcer) switch to the nation's fastest 3g network and get the at&t laptopconnect card for free. shopping online can help save. doing it with bank of america can help save a lot more. up to 20% cash back from over 300 online retailers with our add it up program. just sign up and use your bank of america debit or credit card when you shop online. it's one of the many ways we make saving money in tough times a whole lot easier. finally, good news for people with type 2 diabetes or at risk for diabetes. introducing new nutrisystem d, the clinically tested program for losing weight and reducing blood sugar. hi i'm mike, and i lost 100 pounds on nutrisystem d when i was first diagnosed with diabetes, that first step was more like a giant leap. till i discovered nutrisystem d. in a clinical study people on nutrisystem d lost 16 times more weight and
i'll be using the 3g at&t laptopconnect card. he won't. so i can browse the web faster, email business plans faster. all on the go. i'm bill kurtis and i'm faster than floyd mayweather. (announcer) switch to the nation's fastest 3g network and get the at&t laptopconnect card for free. shopping online can help save. doing it with bank of america can help save a lot more. up to 20% cash back from over 300 online retailers with our add it up program. just sign up and use your bank of...
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Aug 14, 2009
08/09
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thanks so much for joining us. have a great weekend. here are some of the other stories we're following on the "closing bell" ticker right now. according to published reports, fdic will take troubled colonial bank group into receivership and sell its branches and deposits into regional bank bb & t. the deal expected to be announced later today would mark the largest bank flooufr failure of the year. bb & t shares trading higher on the day by almost 10%. tenet health care upgraded to outperform from neutral by robert baird on the potential for the hospital operator to keep reporting bet yes than xpd earnings driven by growth initiatives and cost cutting. the firm also raising its price target to $6 from $5. taking a look at that stock, it is also charging higher on the day, up about 8%. >>> and 2-d and 3-d design software maker autodesk reporting an 88% plun ng chblg in second quarter profit because of a drop in sales. excluding restructuring charges that beat wall street's estimates. the company also forecasting th
thanks so much for joining us. have a great weekend. here are some of the other stories we're following on the "closing bell" ticker right now. according to published reports, fdic will take troubled colonial bank group into receivership and sell its branches and deposits into regional bank bb & t. the deal expected to be announced later today would mark the largest bank flooufr failure of the year. bb & t shares trading higher on the day by almost 10%. tenet health care...
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Aug 28, 2009
08/09
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we can't use them for a vacation. you can use the points for just about anything. i know... ♪ the way you look tonight ♪ chase what matters. get your new chase sapphire card at chase.com/sapphire. >>> welcome back. let's take a look at some of the widely held stocks, how they're trading right now. big financials generally on the mix side. citigroup banks of america, what we now call high beta names, generally on the up side. jpmorgan on the down side. some of the other stocks as well trading outside the financial groups here. you can see our parent company, general electric, down fractionally. that's held at the 14 level but had trouble getting significantly over that. exxon has just been a difficult story all day. down about 11% so far in 2009. pfizer same situation. at&t, telecom stocks. all this group you're looking at is generally underperforming the overall market. for other takes on the market let's turn to our cnbc investor network. rick schottenfeld, chairman of the schottenfeld group. rick, are you in the pullback camp here as everybody else seems to w
we can't use them for a vacation. you can use the points for just about anything. i know... ♪ the way you look tonight ♪ chase what matters. get your new chase sapphire card at chase.com/sapphire. >>> welcome back. let's take a look at some of the widely held stocks, how they're trading right now. big financials generally on the mix side. citigroup banks of america, what we now call high beta names, generally on the up side. jpmorgan on the down side. some of the other stocks as...
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Aug 11, 2009
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thanks for joining us. what do you think? when you hear it's 230 miles to the gallon, it sounds like a game-changer. but then when you hear you have to plug it in somewhere after 300 miles, i don't know. what's your take? >> well, you actually have to -- if you're just going to use batteries, you actually have to plug it in after 40 miles. that's the range. but as phil said, most people commute less than 40 miles, 65% of americans. so there's a really good thing about the vehicle. and it's important to remember that this is our future. we have to start with alternative technology, and alternative power trains, and this is certainly one of them. >> why is this our future, as opposed to the prius? i mean, phil said that's a totally different animal, it doesn't get 230 miles to the gallon, but sounds better than a kariya drive more than 40 miles on. >> well, you can drive more than 40 miles, but you have to plug it in at night. the thing is, when i was listening to the press conference, i realized that in this is going to take a
thanks for joining us. what do you think? when you hear it's 230 miles to the gallon, it sounds like a game-changer. but then when you hear you have to plug it in somewhere after 300 miles, i don't know. what's your take? >> well, you actually have to -- if you're just going to use batteries, you actually have to plug it in after 40 miles. that's the range. but as phil said, most people commute less than 40 miles, 65% of americans. so there's a really good thing about the vehicle. and...
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Aug 10, 2009
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in commercial real estate i'd use something like vnq or iyr, use an index. there are some great names out there, but remember, outside of simon and branatto these are small cap names, they're somewhat illiquid. you need to be careful out there. >> guys, thanks for joining us.. we appreciate it. >> thanks, melissa. >>> here are some other stories we're following on the "closing bell" ticker.. best buy downgraded to neutral from buy because of increasing competition from online retailers and consumer clubs. the consumer retailer is also facing lower prices for big ticket items like televisions. best buy shares on the day trading to the down side by more than 5%. >>> ubs cutting research in motion to neutral from buy on valuation. the stock is up 28% over the past six months. the analyst there also says some investors are concerned the blackberry maker's partner verizon wireless could eventually start offering apple iphones. research in motion shares trading down on the day by almost 5%. >>> and dish network reporting an 81% plunge in second quarter profit to $
in commercial real estate i'd use something like vnq or iyr, use an index. there are some great names out there, but remember, outside of simon and branatto these are small cap names, they're somewhat illiquid. you need to be careful out there. >> guys, thanks for joining us.. we appreciate it. >> thanks, melissa. >>> here are some other stories we're following on the "closing bell" ticker.. best buy downgraded to neutral from buy because of increasing competition...
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Aug 3, 2009
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i'll be using the 3g at&t laptopconnect card. he won't so i can book travel plans faster, check my account balances faster. all on the go. i'm bill kurtis and i'm faster than andy roddick. (announcer) "switch to the nations fastest 3g network" "and get the at&t laptopconnect card for free". ever want to look over the shoulder of a seasoned stock trader? well, here's your chance... i'm running strategy desk from td ameritrade to set up a trading strategy based on how i think the market's trending-- right now i'm looking at a 20-80 stochastic cross. now, i could be running multiple strategies... my own tweak or some combination-- but for now--this is good... this is strategy desk, advanced technology for traders from td ameritrade. it's designed specifically for traders. with strategy desk i can compare the 20-80 with other strategies and back-test them all. multiple strategies. multiple stocks. over time. and i can look at that at the symbol level or have it charted out for me more visually. and i'm not trading on emotion... a buy
i'll be using the 3g at&t laptopconnect card. he won't so i can book travel plans faster, check my account balances faster. all on the go. i'm bill kurtis and i'm faster than andy roddick. (announcer) "switch to the nations fastest 3g network" "and get the at&t laptopconnect card for free". ever want to look over the shoulder of a seasoned stock trader? well, here's your chance... i'm running strategy desk from td ameritrade to set up a trading strategy based on how...
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Aug 27, 2009
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we can't use them for a vacation. you can use the points for just about anything. i know... ♪ the way you look tonight ♪ chase what matters. get your new chase sapphire card at chase.com/sapphire. >>> here's a look at some of today's winners and losers. >>> welcome back. toronto dominion financial, one of canada's largest financial institutions, reported adjusted earnings increased 17%. but with loan loss provisions doubling, the company's earnings fell 8 1/2%. joining me now, inside these numbers in a cnbc xwlufs is td bank financial ceo ed clark. he joins us from his company's headquarters in the u.s., cherry hill, new jersey. mr. clark, good to have you on the program. welcome. >> great to be back here, maria. >> great to see you again. can you characterize the quarter for us? clearly you set aside more money for bad loans. tell us what went on in the last three months, particularly with that need into crease loan loss reserves. >> it has been pretty spectacular. why the record earnings for us, 1.3 billion, up 17%, but in that you really have two effects goi
we can't use them for a vacation. you can use the points for just about anything. i know... ♪ the way you look tonight ♪ chase what matters. get your new chase sapphire card at chase.com/sapphire. >>> here's a look at some of today's winners and losers. >>> welcome back. toronto dominion financial, one of canada's largest financial institutions, reported adjusted earnings increased 17%. but with loan loss provisions doubling, the company's earnings fell 8 1/2%. joining me...
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Aug 6, 2009
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i'll be using the 3g at&t laptopconnect card. he won't. so i can browse the web faster, email business plans faster. all on the go. i'm bill kurtis and i'm faster than floyd mayweather. (announcer) switch to the nation's fastest 3g network and get the at&t laptopconnect card for free. >>> it is still a long way to christmas but cnbc's matt nesto has an early present for you -- we've got to cut you off. let's go to president obama in the diplomatic reception room. he's going to comment on sonia sotomayor. >> deeply gratified that the senate has voted to confirm judge sonia sotomayor as our nation's 111th supreme court justice. i want to thank the senate judiciary committee, particularly its chairman, senator leahy, as well as its ranking member, senator sessions, for giving judge sotomayor a thorough and civil hearing, and i thank them for doing so in a timely manner so she can be fully prepared to take her seat when the court's work begins this september. the members of our supreme court are granted life tenure and are charged with the vit
i'll be using the 3g at&t laptopconnect card. he won't. so i can browse the web faster, email business plans faster. all on the go. i'm bill kurtis and i'm faster than floyd mayweather. (announcer) switch to the nation's fastest 3g network and get the at&t laptopconnect card for free. >>> it is still a long way to christmas but cnbc's matt nesto has an early present for you -- we've got to cut you off. let's go to president obama in the diplomatic reception room. he's going to...
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Aug 25, 2009
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use your discretion. consumer is disz creationnary. >>> and also, the flip side, the staples, man, it doesn't get much colder. after the bell today, high end sell he issial, makes teas, that stock is up 13% at a time when the staples really couldn't be given away. kellogg's, general mills, hershey's, the whole package food group is cold, cold, cold, but you can see high end out today. of there is one month out on kellogg. and lastly, draw to your attention the worst performer, some kind of a farewell party, huh, for manitowok being thrown out of the s&p 500 overnight. the smallest market cap at about 830 million at last check. but is it going to be replaced by care fusion, cfn, which is trading on a when-issued basis. of it's being spun off by cardinal. >> yeah. okay. i would love to watch -- >> out of time. >> put that back up again. >> did i see the "new york times?" . that's up there. no, that's a question mark. and here is my methodology, larry. i'll show my work. these are the smallest five in terms
use your discretion. consumer is disz creationnary. >>> and also, the flip side, the staples, man, it doesn't get much colder. after the bell today, high end sell he issial, makes teas, that stock is up 13% at a time when the staples really couldn't be given away. kellogg's, general mills, hershey's, the whole package food group is cold, cold, cold, but you can see high end out today. of there is one month out on kellogg. and lastly, draw to your attention the worst performer, some...
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Aug 18, 2009
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jeffrey, thanks for joining us. how big is this deal with espn and what does it say about the future of poker? >> it's fair to say that espn has gone all in. by every measure, this is truly a major league deal. we extended our deal seven years. this will keep us on espn into 2018. by any measure in this economy. this is a significant accomplishment and commitment on espn's part. another great estimate suggests how popular the wsop is. when i was on cnbc last month, we had more entrants than ever before. today's announcement is another case and point that the wsop is doing incredibly well and this is a great foundation center for the future growth of the business. >> espn audiences can catch up and the network can air the winning hand it happens. how important is that delay and how important is that for the future deals? >> the delay has been a paradigm shifter for us, but we changed the equation from who will win and espn does sports championships like no one else and with the new format that doubled our ratings las
jeffrey, thanks for joining us. how big is this deal with espn and what does it say about the future of poker? >> it's fair to say that espn has gone all in. by every measure, this is truly a major league deal. we extended our deal seven years. this will keep us on espn into 2018. by any measure in this economy. this is a significant accomplishment and commitment on espn's part. another great estimate suggests how popular the wsop is. when i was on cnbc last month, we had more entrants...
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Aug 6, 2009
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the recession is more or less behind us. we're definitely getting more and more indicators all the time that's indicating the recession is over or indicators that are telling us in the past that this is when recessions have ended. for instance, you know, pmi numbers, globally, unemployment claims, et cetera. so i think, you know, the idea is that the economy is going to recover and maybe recover quite a bit stronger than many people expect. >> so eric, what do you do here based on what you believe about the market? are there certain circuits that have not gone along with the overall rally we've seen? are there still areas that are cheap? >> well, that's one of the positives, the fact that 8 out of 10 sectors have done as well as they have. so it's been pretty broad. the performance, that is. so you can find opportunities essentially in any sector, any industry. our preference, however, is if you do anticipate or think there is a possibility of a little bit of a pullback, the best way to be a little defensive there is stick w
the recession is more or less behind us. we're definitely getting more and more indicators all the time that's indicating the recession is over or indicators that are telling us in the past that this is when recessions have ended. for instance, you know, pmi numbers, globally, unemployment claims, et cetera. so i think, you know, the idea is that the economy is going to recover and maybe recover quite a bit stronger than many people expect. >> so eric, what do you do here based on what...
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Aug 26, 2009
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your chance to help us out. after the break. >>> in a new and fairly creative effort to balance the california budget, governor arnold schwarzenegger is cleaning out house and having a garage sale. cnbc's jane wells has the details on california for sale, and it looks like she is out there in her own garage. hi, jane. >> oh, man de, your pronunciation of garage is getting more american every time you say it. >> i got hit by the producer for saying ga-rage, saying that's not good in this globalized economy, apparently. >> oh, well, good enough for me, young lady. anyhow, in a world of hurt out here, and like many americans trying to raise extra cash through garage sales, the state of california would like you to come browsing through its stuff. if we roll you the tape, hundreds of state surplus items going up for auction friday and saturday. but we got a sneak peek yesterday, surplus items they no longer need, lovely furniture, computers, blackberries, i hope the memories have been erased and then the cars. lo
your chance to help us out. after the break. >>> in a new and fairly creative effort to balance the california budget, governor arnold schwarzenegger is cleaning out house and having a garage sale. cnbc's jane wells has the details on california for sale, and it looks like she is out there in her own garage. hi, jane. >> oh, man de, your pronunciation of garage is getting more american every time you say it. >> i got hit by the producer for saying ga-rage, saying that's...
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Aug 5, 2009
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i'll be using the 3g at&t laptopconnect card. he won't so i can book travel plans faster, check my account balances faster. all on the go. i'm bill kurtis and i'm faster than andy roddick. (announcer) "switch to the nations fastest 3g network" "and get the at&t laptopconnect card for free". most people try to get rid of algae, and we're trying to grow it. the algae are very beautiful. they come in blue or red, golden, green. algae could be converted into biofuels... that we could someday run our cars on. in using algae to form biofuels, we're not competing with the food supply. and they absorb co2, so they help solve the greenhouse problem, as well. we're making a big commitment to finding out... just how much algae can help to meet... the fuel demands of the world. >>> president obama pushing his economic agenda on the road, but are his policies working? opposing views in our poe power grid. rich, i'll start with you. >> i do think it's working. all you have to do is watch cnbc for the last several weeks. the stock market has ga
i'll be using the 3g at&t laptopconnect card. he won't so i can book travel plans faster, check my account balances faster. all on the go. i'm bill kurtis and i'm faster than andy roddick. (announcer) "switch to the nations fastest 3g network" "and get the at&t laptopconnect card for free". most people try to get rid of algae, and we're trying to grow it. the algae are very beautiful. they come in blue or red, golden, green. algae could be converted into biofuels......
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Aug 25, 2009
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we can't use them for a vacation. you can use the points for just about anything. i know... ♪ the way you look tonight ♪ chase what matters. get your new chase sapphire card at chase.com/sapphire. >>> welcome back. boepg and j&j up and down. big lot, in the meantime, also you can big. you heard matt nesto talking about this. 9% gain this morning and chico's and tata motors hitting one-year highs. very different story, mark. >> let's look at the markets and their internals. the dow up 37 points and the nasdaq up 5.25. where is the other one, s&p is up 3.3. internally, big board, almost 3:1 winners over losers. nasdaq, not so good. 12:10, 6:5, still not bad. positive housing and consumer confidence data, what is boosting the market this market but with unemployment expected to hit double digits is the consumer out of the woods, can the economy recover with a kind of a not unhealthy but shall we sea hesitant consumer. weighing in, stephen gallagher and robert lohst. stev steven, i'll start with you, erin and i have been talking about this all morning and on previo
we can't use them for a vacation. you can use the points for just about anything. i know... ♪ the way you look tonight ♪ chase what matters. get your new chase sapphire card at chase.com/sapphire. >>> welcome back. boepg and j&j up and down. big lot, in the meantime, also you can big. you heard matt nesto talking about this. 9% gain this morning and chico's and tata motors hitting one-year highs. very different story, mark. >> let's look at the markets and their...
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as we look to the future, they'll be there ahead of us, lights on, showing us the way forward. this is just the beginning of the reinvention of business. and while we're sure we don't know all the answers, we do know one thing for certain, we want to help. come see what the beginning looks like at openforum.com when she started forgetting things, i was hoping it was nothing. grandma! what a nice surprise! mom, it's sunday. that's when i knew i couldn't wait. mom's doctor said these were signs of alzheimer's, a type of dementia, and that prescription aricept could help. he said it's the only treatment proven effective... for all stages of alzheimer's. studies showed aricept slows the progression... of alzheimer's symptoms. it improves cognition... and slows the decline of overall function. aricept is well tolerated but not for everyone. people at risk for stomach ulcers... or who take certain other medicines... should tell their doctors... because serious stomach problems... such as bleeding may get worse. some people may experience fainting. some people may have nausea, vomitin
as we look to the future, they'll be there ahead of us, lights on, showing us the way forward. this is just the beginning of the reinvention of business. and while we're sure we don't know all the answers, we do know one thing for certain, we want to help. come see what the beginning looks like at openforum.com when she started forgetting things, i was hoping it was nothing. grandma! what a nice surprise! mom, it's sunday. that's when i knew i couldn't wait. mom's doctor said these were signs...
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Aug 5, 2009
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>> the restaurant pays us. there's a free service to diners, so the two main revenue streams, one is a monthly subscription for our hardware/software bunning, and second a a performance-based fee for every signer we seat at the restaurant. >> so are you getting more -- restaurants are paying you. do you see any hesitancy on their part due to the economy, or is the fee so low you wouldn't see that reticence? >> our fees -- we deliver a very powerful return on investment to restaurants. the key to restaurant profitability is filling seats. we help restaurants fill seats. you know, that said, the economy is raeting some head winds in our business. overall total customer counts reservation-taking restaurants are down double digits and have been down pretty much since last september. we feel the pinch as well, because when the restaurants have fewer customers, we in turn can see fewer diners. >> so how does the revenue breakdown go? it's pretty much 100% comes from the restaurant fees, you also get advertising? >> w
>> the restaurant pays us. there's a free service to diners, so the two main revenue streams, one is a monthly subscription for our hardware/software bunning, and second a a performance-based fee for every signer we seat at the restaurant. >> so are you getting more -- restaurants are paying you. do you see any hesitancy on their part due to the economy, or is the fee so low you wouldn't see that reticence? >> our fees -- we deliver a very powerful return on investment to...
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Aug 18, 2009
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joining us is jim tyrell. jamie, obviously volatility is something we've been honing in on, it doesn't have to mean the market goes down, as anyone who follows it closely keeps emphasizing. >> correct. we've been seeing an elevated vix level compared to where we've been seeing actual volatile come in at over the last month. we've been seeing it at 18 on the s&p 500 and the vix is still looking about 28 and the future prices up towards 30. so we're certainly seeing a lot of pricing in of more volatility than we've been seeing for the last monchts more than the past month but obviously relative to where we were let's just say last fall or even around the market lows we're not even in that stratosphere, is that something to consider or not even close? >> that is something customers do something. they're looking back to last fall where we went, up to 80. these september and october calls are in the 35, 40 range, something that would be a significant uptick in volatility in the type of rurps we were seeing last fal
joining us is jim tyrell. jamie, obviously volatility is something we've been honing in on, it doesn't have to mean the market goes down, as anyone who follows it closely keeps emphasizing. >> correct. we've been seeing an elevated vix level compared to where we've been seeing actual volatile come in at over the last month. we've been seeing it at 18 on the s&p 500 and the vix is still looking about 28 and the future prices up towards 30. so we're certainly seeing a lot of pricing in...
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Aug 19, 2009
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good to have you with us. appreciate you taking the time. >> pleasure to be here, erin. >> slashing prices. you know, some people might say, gosh, people do that when they're very worried and desperate. you're going to say instead of a position of gaining strength, make your case. >> well, we've done this two generations in a row now with the original playstation and playstation 2. we sold 24 million playstation 3s. we achieved production milestones that have allowed us to pass those savings on to consumers. great news for consumer. >> mr. tretton, right now we have breaking headlines. brian? >> looks like we have build of 2 1/2 million barrels in crude and a drive down of 1 million in gas. so we have new numbers. whoa, it just rolled over. we have a drawdown of 8.4 million barrels in crude. gas drawdown of 2.1 million. and distillates drawdown of 700,000 barrels. we are now up $1.40. we were dealing with equities and dollar and now dealing with the ati giving us a signal of expectation because build and we ha
good to have you with us. appreciate you taking the time. >> pleasure to be here, erin. >> slashing prices. you know, some people might say, gosh, people do that when they're very worried and desperate. you're going to say instead of a position of gaining strength, make your case. >> well, we've done this two generations in a row now with the original playstation and playstation 2. we sold 24 million playstation 3s. we achieved production milestones that have allowed us to...
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Aug 17, 2009
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renting allow use to do that. the key is having to discipline to save and invest and achieve some of the other financial goals, even without home ownership. i think that's readily attainable but it's going to take some discipline. >> diana? >> i think it all comes down to numbers as everything does, mark. you have to look at affordability and the difference between renting and owning. what is so sbris iinteresting, report that shows the rental gap, how much more does it cost to own a home on a month-to-month basis than it does to rent. that's interesting is that on average the rental gap is $376, which means it cost you $376 a month more to own a home per month than to rent. today that gap is just $70. if you go local it actually costs less to own in cities like ft. lauderdale, florida, las vegas, costing you $100, $200, $300 less to own a home than to rent. on the flip side, one more thing, there are so many rental properties out there that there is so much pressure on rental prices going down because all the con
renting allow use to do that. the key is having to discipline to save and invest and achieve some of the other financial goals, even without home ownership. i think that's readily attainable but it's going to take some discipline. >> diana? >> i think it all comes down to numbers as everything does, mark. you have to look at affordability and the difference between renting and owning. what is so sbris iinteresting, report that shows the rental gap, how much more does it cost to own...
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economics was useful. i planned on going to business school but i don't know if i'll go there anymore. it wasn't the most exciting thing in the world. no offense to all the economic professors out there. sociology and african-american studies and anything like that is going to be a little more interesting i think when i go back and finish. i'll have a little more fun with. >> james, thanks so much for joining us. the u.s. open draw comes out at 12:00 noon. we'll see who your first round is. guys, back to you. >> all right. you know i was an economics major at harvard. i thought it was pretty exciting. that's okay. i guess tennis is more exciting. >>> weekly natural gas inventory report is minutes away. >>> okay. welcome back to "squawk on the street." we're just down here at the nymex, waiting for the weekly inventory report on natural gas storage. you just heard the number up 54. that's pretty much in line with consensus. all day long we've been watching the price of natural gas struggling here today. ray
economics was useful. i planned on going to business school but i don't know if i'll go there anymore. it wasn't the most exciting thing in the world. no offense to all the economic professors out there. sociology and african-american studies and anything like that is going to be a little more interesting i think when i go back and finish. i'll have a little more fun with. >> james, thanks so much for joining us. the u.s. open draw comes out at 12:00 noon. we'll see who your first round...
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Aug 21, 2009
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we can't use them for a vacation. you can use the points for just about anything. i know... ♪ the way you look tonight ♪ chase what matters. get your new chase sapphire card at chase.com/sapphire. >>> welcome back to "squawk on the street." welcome back to "squawk on the street." i'm mary thompson with your realtime flash. looking at key retailers. pacific sun wear is down after reporting a second quarter loss. weak same-store sales is a contributing factor. the firm is expecting the losses to continue into the third quarter. different story for zoomy, up 14%. like rival pacific sunwear lost money in the last quarter but the loss is narrower. speaking with the retailing theme, sports is down 8%. the economy's second quarter earnings 4 cents a share lowered the full-year profit outlook. scan source is up 11% after bar code readers reported a 14% decline in earnings less than expected. the company also provided revenue guidance for the first quarter that's ahead of analyst estimates. lastly, salesforce.com supposed 14%. software firm second quarter profits more t
we can't use them for a vacation. you can use the points for just about anything. i know... ♪ the way you look tonight ♪ chase what matters. get your new chase sapphire card at chase.com/sapphire. >>> welcome back to "squawk on the street." welcome back to "squawk on the street." i'm mary thompson with your realtime flash. looking at key retailers. pacific sun wear is down after reporting a second quarter loss. weak same-store sales is a contributing factor. the...
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make sure you join us tomorrow. "squawk on the street" is coming up next. >>> this is cnbc.com news now. >> u.s. trade deficit came in at just over $27 billion in june. a slightly smaller trade gap than economists were expecting. retailer macy's earned 20 cents a share for the latest quarter, excluding one-time items. five krecents above estimate. >>> mortgage applications fell 3 1/2% last week. that was led by a drop in refinancing as average mortgage rates edged higher. that's cnbc.com news now. i'm courtney reagan. >>> live from the financial capital of the world, this is "squawk on the street." good morning, everybody. i'm mark haines. futures trading at a very tight range. the fed this morning, trade deficit data showing a widening but not as much as expected. macy's, has has been mentioned, logging a drop in earnings but raising the guidance. not the only one to do that. toll brothers, also. >> that's right. >> it's almost as if a bull and a bear were playing on a seesaw. we'll find out what's needed to t tip
make sure you join us tomorrow. "squawk on the street" is coming up next. >>> this is cnbc.com news now. >> u.s. trade deficit came in at just over $27 billion in june. a slightly smaller trade gap than economists were expecting. retailer macy's earned 20 cents a share for the latest quarter, excluding one-time items. five krecents above estimate. >>> mortgage applications fell 3 1/2% last week. that was led by a drop in refinancing as average mortgage rates...
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and joins us with the highlights. hello, rebecca. >> hey, larry, the first retailer, but hearing a very similar song out of macy's as we have heard from a number of companies this earning season. they are cutting costs, watching inventories, and they hope that that will make the difference between earnings in the future and potential losses in the future. right now, that sales picture at macy's is still looking somewhat weak. where they are seeing the biggest uptick in sales is with this new concept called my macy's, a much more regional approach to the way they do business. they're following regional tastes and watching what people in particular regions want. it's amounting to about a 2.6% gain versus the other regions, which have yet to implement the my macy's concept. in terms of the merchandise itself. what is not doing well are the furniture, mattresses and handbags, and where they are seeing the best out performance in terms of region is in the midwest. the worst is coming from california. and also the southeast
and joins us with the highlights. hello, rebecca. >> hey, larry, the first retailer, but hearing a very similar song out of macy's as we have heard from a number of companies this earning season. they are cutting costs, watching inventories, and they hope that that will make the difference between earnings in the future and potential losses in the future. right now, that sales picture at macy's is still looking somewhat weak. where they are seeing the biggest uptick in sales is with this...
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that does it for us. right now, it's time for "squawk on the street." >> live from the financial capital of the world, this is it, the one and only "squawk on the street." good morning, everybody. i'm mark haines. stocks open flat to maybe a little lower. federal reserve kicks off a two-day monetary policy meeting. >> good morning, everyone. i'm erin burnett, the fed likely to take into account second quarter productivity. we got those numbers just a few moments ago, it was the biggest 1yu6r7 in six year, labor costs plunging at the fastest pace in nine. >> sounds like they're laying off a lot of people and squeezing the rest. >> and capacity is, well, that a doozy of a thing for the feds. so we'll see what they make of it. but as mark said, futures rather now ticking lower. >> check it out. we're down 520 is what i've got here. so that one on your screen will change in a moment. and we get a break as we close almost three above fair value. we're not that far below fair value. 20 points on the dow maybe.
that does it for us. right now, it's time for "squawk on the street." >> live from the financial capital of the world, this is it, the one and only "squawk on the street." good morning, everybody. i'm mark haines. stocks open flat to maybe a little lower. federal reserve kicks off a two-day monetary policy meeting. >> good morning, everyone. i'm erin burnett, the fed likely to take into account second quarter productivity. we got those numbers just a few moments...
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us. confused? our task force is going to break it down for you. Ñ>Ñ> >>> speaking to mary thompson at hq. what's on your radar? >> they're having a impact on the trade. dollar tree is higher than much strocker than expected unexpected results. the discounter coming in at 63 cents a share. stores have been open more than a year. analysts had profits of 54 cents a share. the retailer also raising the full-year view to 3.10 to 3.25 a share. turning to charming shop, it is called lower. the retailer a par real for plus-size women recording profits of three cents a share. >>> hanes is the largest retailer of organic foods. loweren the outlook for the current fiscal year. earnings excluding that at 28 cents a share. four cents below estimates to $262 million. analysts were looking for sales of $287 million. turning to dsw, the operator of designer shoe warehouses. it is unchanged in the premarket after reporting a 31% decline in second quarter profits. still earnings of 17 cents a share c
us. confused? our task force is going to break it down for you. Ñ>Ñ> >>> speaking to mary thompson at hq. what's on your radar? >> they're having a impact on the trade. dollar tree is higher than much strocker than expected unexpected results. the discounter coming in at 63 cents a share. stores have been open more than a year. analysts had profits of 54 cents a share. the retailer also raising the full-year view to 3.10 to 3.25 a share. turning to charming shop, it...
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Aug 20, 2009
08/09
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CNBC
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thanks for joining us. are endowments like yours and others over-committed to private equity. >> i think there is a systemic over-commitment through the system. i think it's a result basically of institutions getting hooked on above-market returns and also the institution used to getting a lot of gifts in from donors. and people forgot about liquidity. so it's a temporary slow-down but not a retreat. i think the lack of liquidity reads crisis proportions at the end of last year. and now institutions have a situation where they're not getting the exit strategies and they're not getting the gifts in the door, so they have to rethink temporarily what they're going to do. but i don't see this as a permanent retreat. >> you don't see it as permanent retreat, yet i have heard stories of endowments that essentially sold their commitments at steep discounts or simply been unable or perhaps unable to meet their commitment when the funding is asked for by these private equity firms. >> you have two things. in the hed
thanks for joining us. are endowments like yours and others over-committed to private equity. >> i think there is a systemic over-commitment through the system. i think it's a result basically of institutions getting hooked on above-market returns and also the institution used to getting a lot of gifts in from donors. and people forgot about liquidity. so it's a temporary slow-down but not a retreat. i think the lack of liquidity reads crisis proportions at the end of last year. and now...
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Aug 7, 2009
08/09
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joining us, secretary of labor, solis. thank you for being with us. let me put the big question to you. is the recession over? >> i wouldn't say it's over. as long as we continue to see job loss and high unemployment, it's going to be a problem. and the president and administration and i will not lose sight of that an we'll continue to make sure that we add more jobs as best we can and see this recovery money gets out there to the states and locales where it's necessary to put people back to work. >> people were very surprised by this number in the sense that it was much better than had been expected. although obviously still significant job loss. earlier this year we were losing 600,000 jobs a month. second quarter, 400,000 plus. now we're only losing about 250,000. do you believe that we are on track to actually add jobs by the end of the year? >> well, i think that we're certainly on track to at least stabilizing the the patient. the patient is still sick. the patient still has a fever. and we still have to keep in mind that the recovery money, onl
joining us, secretary of labor, solis. thank you for being with us. let me put the big question to you. is the recession over? >> i wouldn't say it's over. as long as we continue to see job loss and high unemployment, it's going to be a problem. and the president and administration and i will not lose sight of that an we'll continue to make sure that we add more jobs as best we can and see this recovery money gets out there to the states and locales where it's necessary to put people back...
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Aug 13, 2009
08/09
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brian shactman also sticking around with us. good to have you with us. let's start with you. so gasoline prices, obviously they lag a little bit. first oil goes up and the refiners to the pump. we're still about $1.20 per gallon below where we were last year. >> we think the consumer is going to have a difficult time supporting $3, $3.50 gasoline. seems almost impossible to us. the fact that oil supply in the united states is near 20-year highs. the consumer is really watching the budget right now. we think that the oil in the $70s right now is over priced. >> erin, one thing you want to think about is demand of construction happens. most likely with the way the economy is the demand construction is at a lower price. we don't have to go to $4 to get that. the other thing you have to think about is the they're refining less. there's not as much gas being made. there's so much supply but the refining less so there's less coming to market. >> part of the reason the oil is going up is because of the u.s. demand. we get to this issue, it's china. maybe a lot of that is stockpiling
brian shactman also sticking around with us. good to have you with us. let's start with you. so gasoline prices, obviously they lag a little bit. first oil goes up and the refiners to the pump. we're still about $1.20 per gallon below where we were last year. >> we think the consumer is going to have a difficult time supporting $3, $3.50 gasoline. seems almost impossible to us. the fact that oil supply in the united states is near 20-year highs. the consumer is really watching the budget...
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Aug 14, 2009
08/09
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join us on monday. "squawk on the street" is next. >>> consumer prices were unchanged in july according to the latest government data. without fad and energy prices up .1%. industrial production, factory capacity, university of michigan's consumer index. the fda cleared the new anti-psychotic drug. the company says sales of the drug could exceed $1 billion a yea year. >>> live from the financial capital of the world, that's the outside view. we are right behind that flag. that's where we are. this is "squawk on the street." >> it is friday. >> that flag is right there. >> literally. >> outside that window. good morning, everybody. the open looks like it is going to be flat. plus retail stocks looking brighter. will back to school be better than expected? >> on this friday, just moments ago on "squawk box," mohammed el-erian says the market is on a sugar high. we know how those usually end. it is way ahead of reality. and the question is will investors start to -- will that sentiment feed through? we are
join us on monday. "squawk on the street" is next. >>> consumer prices were unchanged in july according to the latest government data. without fad and energy prices up .1%. industrial production, factory capacity, university of michigan's consumer index. the fda cleared the new anti-psychotic drug. the company says sales of the drug could exceed $1 billion a yea year. >>> live from the financial capital of the world, that's the outside view. we are right behind that...
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Aug 28, 2009
08/09
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. >> join us monday. "squawk on the street" is coming up next. >>> this is cnbc.com news now. >> consumer spending rose .2 of a percent in july aid bid the cash for clunkers program. personal income was unchanged. we'll get a reading in a little under an hour. tiffany shares are higher after the luxury retailer mentioned the latest earnings and raised forecast for the year. that's cnbc.com news now. we're first in business worldwide. i'm courtney reagan. >>> live from the financial capital of the world, this is "squawk on the street." good morning, everybody. i'm mark haines. markets looking for a higher open to end the week on upbeat results from dell and tiffany. the dow in particular poised to expand the winning streak to -- let's see, this would be nine sessions. its longest run since april 2007. >> i'm melissa francis. personal income and spending data canceling each other out this morning. spending edging higher with help from clunkers but income is a fuel for future spending, of course, were flat.
. >> join us monday. "squawk on the street" is coming up next. >>> this is cnbc.com news now. >> consumer spending rose .2 of a percent in july aid bid the cash for clunkers program. personal income was unchanged. we'll get a reading in a little under an hour. tiffany shares are higher after the luxury retailer mentioned the latest earnings and raised forecast for the year. that's cnbc.com news now. we're first in business worldwide. i'm courtney reagan....
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Aug 6, 2009
08/09
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CNBC
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this puts us down below. we don't have any weather coupled with what they said about the storms. >> tell us how low you think we might go here. add to that there's skittishness in this market. the fcc and their and the oil market saying that as of december 4th, this rule will go into effect. fine people $1 million a day. it's not just affecting oil trading though. >> no. what we can do right here is basically mirror what we did last month where we get down to the low to mid 50s. stagnate there a little bit. maybe pop up. if we broke, get down to 3 1/4, which we did. this month and last month are basically the same accept for that run-up we had here. as far as people getting fined $1 million a day, that's going to but a big impact on our market. you're going to be held accountable now for anything you do outside the lines. >> already seeing people maybe taking some positions off the table, or not yet? >> it's tough to say. that run-up we had on monday, possibly. it's difficult to say if they're taking them on
this puts us down below. we don't have any weather coupled with what they said about the storms. >> tell us how low you think we might go here. add to that there's skittishness in this market. the fcc and their and the oil market saying that as of december 4th, this rule will go into effect. fine people $1 million a day. it's not just affecting oil trading though. >> no. what we can do right here is basically mirror what we did last month where we get down to the low to mid 50s....
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these cultural shifts are jarring for us older people. back in a minute. it can be tough living with copd... but i try not to let it slow me down. i go down to the pool for a swim... get out and dance... even play a little hide-n-seek. i'm breathing better... with spiriva. announcer: spiriva is the only once-daily inhaled maintenance treatment for both forms of copd... which includes chronic bronchitis and emphysema. i take it every day. it keeps my airways open... to help me breathe better all day long. and it's not a steroid. announcer: spiriva does not replace fast-acting inhalers for sudden symptoms. stop taking spiriva and call your doctor if your breathing suddenly worsens, your throat or tongue swells, you get hives, or have vision changes or eye pain. tell your doctor if you have glaucoma, problems passing urine or an enlarged prostate, as these may worsen with spiriva. also discuss the medicines you take, even eye drops. side effects may include dry mouth, constipation and trouble passing urine. every day could be a good day to breathe better. ann
these cultural shifts are jarring for us older people. back in a minute. it can be tough living with copd... but i try not to let it slow me down. i go down to the pool for a swim... get out and dance... even play a little hide-n-seek. i'm breathing better... with spiriva. announcer: spiriva is the only once-daily inhaled maintenance treatment for both forms of copd... which includes chronic bronchitis and emphysema. i take it every day. it keeps my airways open... to help me breathe better all...
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Aug 23, 2009
08/09
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WBAL
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eye 202
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we're under a lot of pressure and you put us there. nothing's riding on this except the first amendment and the constitution. freedom of the press and maybe the future of the country. chris: bob, any thoughts on watching that? >> yeah. it didn't happen exactly that way. we woke bradley up at 2:00 a.m. and told him, you know, there may be eavesdropping going on and so forth. you got to come out of your house and he was in his pajamas and bath robe. and he did. and i thought he said oh, our very private part of our anatomy is on the chopping block. not the constitutional speech that's in the movie. and i went back and actually looked with carl and wrote out notes and you know what he said? everyone's involved, nixon, and so forth. he looked at us like -- he said "what the hell do we do now?" >> right. >> which is exactly the right question. because we were in uncharted territory. but he knew how to lead us through it. we were kids. i was 11. carl was 10 or something like that. and we didn't know. but he did. and, you know, he really had
we're under a lot of pressure and you put us there. nothing's riding on this except the first amendment and the constitution. freedom of the press and maybe the future of the country. chris: bob, any thoughts on watching that? >> yeah. it didn't happen exactly that way. we woke bradley up at 2:00 a.m. and told him, you know, there may be eavesdropping going on and so forth. you got to come out of your house and he was in his pajamas and bath robe. and he did. and i thought he said oh, our...